• Reported NPAT down 50.34% to $26.4m, Underlying NPAT up 13.03% to $79.3m
• Australian Broking, Agencies and BizCover divisions report profit growth
• Interim dividend of 25.0 cents per share fully franked

AUB Group Limited has reported its half-year financial results for the period ended 31 December 2024. Reported Net Profit After Tax (NPAT) attributable to equity holders of the parent was $26.4m, down 50.34% from the prior corresponding period. This was due to a reduction in estimated contingent consideration in the prior period. Underlying NPAT, which excludes certain adjustments, was $79.3m, up 13.03% from the prior corresponding period. This increase was driven by a mixture of strong organic and acquisition growth across the business. The Australian Broking division reported a 11.5% increase in pre-tax profit to $65.9m, driven by organic and bolt-on acquisition growth. The International division reported a 20.0% decrease in pre-tax profit to $30.5m due to new team investment, one-off bonus accounting re-alignment, and expanded scale in Retail. The Agencies division reported a 32.3% increase in pre-tax profit to $32.9m, with strong organic growth in gross written premium across most agencies complemented by the acquisition of Pacific Indemnity. The New Zealand Broking division reported an 11.6% increase in pre-tax profit to $12.2m, and the BizCover division reported a 28.5% increase in pre-tax profit to $8.6m.The company's leverage ratio was 1.90 at 31 December 2024, and it had cash and undrawn debt facilities of $208.3m. On 21 January 2025, AUB Group increased the limit of its syndicated debt facility by $250m, taking the overall limit from $850m to $1,100m.The directors have determined a fully franked interim dividend of 25.0 cents per share, totaling $29.1m, which will be paid on 4 April 2025. The Dividend Reinvestment Plan remains suspended and will not apply to this dividend.